Market Update Webinar - October 24, 2024

Q4 Market Update Webinar

In our recent webinar, we delved deep into the current economic landscape and offered actionable insights to help you navigate the rest of the year. Here’s a quick look at what we covered:

🌍 Economic Overview: We examined the big picture, discussing persistent inflation, shifts in Federal Reserve policy, and the impact of global uncertainties. Despite these headwinds, the U.S. economy remains resilient, with strong GDP growth and robust consumer spending.

📈 Market Performance & Strategy: The S&P 500's remarkable 24% gain this year has been fueled by the rise of AI-driven themes. However, with stock valuations at elevated levels, our experts highlighted the importance of a balanced approach. We’re suggesting a slight defensive shift—considering alternatives like private equity and higher-quality fixed income to help protect and grow your portfolio.

🗳️ Election Impacts: With an election year on the horizon, short-term political factors can cause market jitters. Our experts reminded us that, ultimately, long-term fundamentals often prevail.

💼 Year-End Tax Planning: Proactive tax strategies are essential as year-end approaches. We covered techniques like maximizing retirement contributions and tax loss harvesting to optimize your portfolio and prepare for possible tax law changes.

Thank you to all who joined live! If you missed it, feel free to reach out for more information, or contact us to discuss how these insights can apply to your financial goals.

This is for informational purposes only. Please speak to a qualified representative about your unique need. Investment advisory services offered through Cornerstone Wealth Group, LLC dba Cornerstone Wealth, an SEC registered investment adviser.